Ann: Strategic investor provides DW8 access of up to $10m funding, page-9

Significant part of the arrangement to know...

None is necessarily good however... best of options.

"The funding bears a reasonable borrowing cost with conversion rights at a premium to the current share price, potentially limiting dilution. DW8 considered alternatives including an equity placement, rights issue and sourcing loans from alternative debt providers. The funding with Triton Growth was selected due to its certainty in respect of the initial A$5.0m and efficiency of completion; relatively low potential dilutionary impact; its relatively low cost of funds; and that upon conversion the underlying shares are anticipated to be held by a long term strategic partner. Overall, as compared to the alternative sources of finance, the Board considered the arrangement to be in the best interests of DW8 shareholders."